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Italian Bank Customers Pull DepositsThe CEO of Monte dei Paschi, Italy's third largest bank, and the oldest surviving bank in the world, admits Customers Pulling Deposits as share prices sink. Some Monte dei Paschi customers have been pulling savings out of the Italian bank, its chief executive said on Wednesday, as it faces a crisis over a mountain of bad loans that has wiped nearly 60 percent off its market value this year.read more

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Banca Monte dei Paschi di Siena (MPS), Italy’s third-largest bank and the world’s oldest, has admitted in a statement posted quietly on its website that its customer deposits have fallen by a “few billion euros.”
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